SMSF event based reporting consultation paper released, clarifying the small business tax offset for trusts and partnerships, and the case of the cleaning company, sequestered carbon and Part IVA. Join the Knowledge Shop team for all this and more.
This month's top tax & accounting Q&As live from the Knowledge Shop Help Desk: 7 or 25 years? Division 7A loan terms CGT implications on inherited property GST on sale of part of a business Australian resident owning rental property in New Zealand Can a payment in lieu of notice be treated in the same way as a redundancy payment?
The ATO modernises its position on tax and travel and the implications of the expansion of the foreign resident withholding rules A number of pieces of tax legislation have either been introduced into Parliament or have become law, including changes to the foreign resident withholding rules that were announced in the 2017-18 Federal Budget.
The practical issues arising from the SBE threshold changes and the corporate tax rate changes. Parliament has finally passed the Bill containing the increase in the SBE turnover threshold. While it all seems straight forward, there are a few details for practitioners to get across.
Download the Knowledge Shop 2017-18 Budget Update for advisers and accountants. The problems that any Australian Government is expected to resolve and the wish list they are supposed to fulfil, is extensive regardless of which party is in power. As author John Lydgate wrote:
A deal has been struck to pass the Enterprise Tax Bill containing the corporate tax rate reduction, increase to the tax discount for unincorporated small businesses, and the increase to the small business entity threshold
What happened to the small business tax offset increase? The ATO’s ‘shot across the bow’ to R&D advisers, GST and low value imports, and self-education expenses – how much of a connection to your job do you really need? Join the Knowledge Shop team for all this and more.
The hot super questions answered. Garth McNally - Director Hayes Knight, Director Merit Wealth, and Knowledge Shop's resident super specialist - explores the steps for managing pensions on the death of a member.